The highly anticipated Pectra update for the largest altcoin Ethereum has been implemented, featuring 11 Ethereum Improvement Proposals (EIP). This update is considered the biggest since the 2022 Merge upgrade, focusing on enhancing staking efficiency, user experience, validator processes, and Layer 2 scalability. Notable changes include increasing the amount of ETH one can stake and preparing for future developments. The update is expected to bring benefits such as increased transaction capacity, reduced fees, ease of use, and improved staking efficiency.